by calculated risk May 11, 2024 08:11:00 AM
This week’s key reports are CPI, retail sales, and housing starts for April.
In the manufacturing industry, industrial production will be released in April, and the New York Fed and Philadelphia Fed manufacturing surveys will be released in May.
—– Monday, May 13th —–
No major economic announcements are scheduled.
—– Tuesday, May 14th —–
6:00 a.m. ET: NFIB Small Business Optimism Index For April.
8:30am: April producer price index From BLS. The consensus is for PPI to rise 0.2% and core PPI to rise 0.2%.
10 am: Discussion, Federal Reserve Chairman Jerome H. Powell, Moderated discussion with Chairman Powell and Deutsche Bank (DNB) President Klaas Nott at the Annual General Meeting of the Amsterdam Association of Foreign Banks
11 a.m.: New York Fed: First Quarter Quarterly Report on Household Debt and Credit
—– Wednesday, May 15th —–
7:00 a.m. ET: Mortgage Bankers Association (MBA) Mortgage loan purchase application index.
8:30am: April consumer price index From BLS. The consensus is that the CPI will rise by 0.3% (up 3.4% from the previous year) and the core CPI will rise by 0.3% (up 3.6% from the previous year).
8:30 a.m. ET: retail sales It is scheduled to be released in April. The consensus is for retail sales to rise 0.4%.
This graph shows retail sales since 1992. This is seasonally adjusted monthly retail sales and food services (totals and excluding gasoline).
8:30 a.m.: New York Fed Empire State Manufacturing Survey For May. The consensus is expected to be -10.8, up from -14.3.
10am: May NAHB Home Builder Survey. The consensus is 51, unchanged from 51 last month. A number below 50 indicates that more builders see sales conditions as worse than good.
—– May 16th (Thursday) —–
8:30 a.m. ET: Number of housing starts For April.
This graph shows housing starts and housing starts since 2000.
The consensus was 1.41 million SAAR, up from 1.321 million SAAR in March.
8:30am: First weekly unemployment claim The report will be published. The consensus was 222,000 initial claims, down from 231,000 last week.
8:30am: Philadelphia Fed Manufacturing Survey For May. Consensus is 8.0, down from 15.5.
9:15 a.m.: Fed announces Industrial production and capacity utilization For April.
This graph shows industrial production since 1967.
The consensus is that industrial production will increase by 0.2% and capacity utilization will remain unchanged at 78.4%.
—– Friday, May 17th —–
10 am: State employment and unemployment April 2023 (monthly)
